EU submits ‘objections’ in UPS’ TNT takeover

TNT,UPS say ‘objections’ a “normal step in a second phase merger procedure”

‘statement of objections’ Competition authorities European Commission investigations TNT Express UPS

The competition authorities of the European Commission have submitted a ‘statement of objections’ to UPS and TNT Express in connection with the potential takeover of TNT Express by UPS. The ‘objections’ are in the list of interim conclusions arrived at during investigations into the proposed takeover.

Later, UPS and TNT stated in a press release that they had received the ‘statement of objections’ but stated that it addressed “the competitive effects of the intended merger on the international express small package market in Europe”. The statement also mentioned that the objections were a “normal step in a second phase merger procedure”.